I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …

boundedly rational consumers or the reactions of firms to such behavior. Second and more fundamental is the efficiency challenge …, which surfaces where consumer bias weakens the causal link between competition and efficiency. For instance, consumers who … standard economic justification for antitrust law largely weathers the thorny efficiency and welfare challenges alike …

This article looks first at the process courts use to resolve merger challenges and finds that in the area of product … market definition, merger analysis is reasonably strong. Market definition remains complex and subjective, however, and could … be improved, or avoided altogether, through econometric techniques such as merger simulation. Judicial analysis of entry …

This paper examines whether gains in bank megamergers occur due to efficiency improvements or the exercise of market … power using financial statement line item forecasts from Value Line to infer the effect of the merger on prices and … quantities. The average megamerger is associated with cost-efficiency improvements. In the cross-section, efficiency gains are …

I study the predictability of the EC's merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …

I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, post-reform, DG Comp seems to base its assessment on a more complex interaction of merger and market …